Ethan Harris Quotes

[The CPI number] doesn't have a big influence in Fed thinking... This keeps [policy makers] comfortable where they are.

- Ethan Harris

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Number | Influence | Thinking | Policy | Makers |

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This large inflow is an important prop for the Treasury market, helping keep yields in their current low trading range... Not only is the inflow large relative to new Treasury supply, it may also help stabilize the market when it comes under pressure. If investors start to shy away from the U.S. market, the dollar comes under downward pressure and the Asian central banks pile in to support the U.S. market. - Ethan Harris

The Fed's kind of locked into this cautious optimism mode. Everybody there has the same line about how once geopolitical risks abate things will get better. - Ethan Harris

[By the fourth quarter], you will continue to have worries about corporate governance issues, a weak stock market and a buildup to war in Iraq leading to higher oil prices -- a lot of negative psychological forces in the economy that will make it very hard to sustain growth going forward. - Ethan Harris